Kinaxis Inc. (TSE:KXS) Given Average Rating of “Buy” by Brokerages

Kinaxis Inc. (TSE:KXS) has been assigned a consensus rating of “Buy” from the six ratings firms that are covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a buy rating. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$200.00.

Several equities analysts have recently weighed in on the stock. National Bank Financial decreased their price target on shares of Kinaxis from C$240.00 to C$200.00 and set an “outperform” rating for the company in a research note on Wednesday, May 27th. Canadian Imperial Bank of Commerce boosted their price objective on shares of Kinaxis from C$173.00 to C$205.00 in a research report on Friday, June 5th. Stifel Nicolaus reduced their target price on shares of Kinaxis from C$245.00 to C$200.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. BMO Capital Markets raised their target price on shares of Kinaxis from C$180.00 to C$185.00 in a research report on Friday, May 8th. Finally, Royal Bank Of Canada lifted their price target on shares of Kinaxis from C$200.00 to C$210.00 and gave the company an “outperform” rating in a research note on Friday, May 8th.

Insider Buying and Selling

In related news, Director Robert G. Courteau sold 5,010 shares of the business’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of C$151.39, for a total transaction of C$758,463.90. Following the transaction, the director directly owned 32,945 shares in the company, valued at approximately C$4,987,543.55. The trade was a 13.20% decrease in their ownership of the stock. Also, insider Conrad John Mandala sold 30,000 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of C$148.10, for a total transaction of C$4,443,000.00. Following the transaction, the insider owned 820 shares in the company, valued at C$121,442. This represents a 97.34% decrease in their ownership of the stock. Over the last 90 days, insiders sold 35,934 shares of company stock valued at $5,328,181. Corporate insiders own 1.20% of the company’s stock.

Kinaxis Stock Performance

TSE:KXS opened at C$154.81 on Monday. Kinaxis has a fifty-two week low of C$117.22 and a fifty-two week high of C$212.45. The company has a debt-to-equity ratio of 12.15, a current ratio of 1.72 and a quick ratio of 2.29. The stock has a market capitalization of C$4.23 billion, a PE ratio of 52.66, a price-to-earnings-growth ratio of 3.60 and a beta of 0.73. The business’s 50-day simple moving average is C$152.04 and its 200-day simple moving average is C$146.77.

Kinaxis (TSE:KXS) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C$1.45 EPS for the quarter. The business had revenue of C$230.19 million for the quarter. Kinaxis had a net margin of 14.48% and a return on equity of 19.72%. Sell-side analysts expect that Kinaxis will post 4.2526231 earnings per share for the current fiscal year.

About Kinaxis

Kinaxis is a leader in modern supply chain orchestration, powering complex global supply chains, and supporting the people who manage them. Our powerful, AI-infused supply chain orchestration platform, Maestro, combines proprietary technologies and techniques that provide full transparency and agility across the entire supply chain – from multi-year strategic planning to last-mile delivery. We are trusted by renowned global brands to provide the agility and predictability needed to navigate today’s volatility and disruption.